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Preetam (sfsadf)     22 September 2021

Deduction of TDS FY: 2020-21

If I am filing my return u/s 44AD (as a Individual). Now, for FY: 2020-21, I want to get my firm audited. I have paid freight and salary on which TDS was not deducted. If I get my firm audited now, do I have to also comply with TDS requirements for FY: 2020-21 or those need to be done from next FY?

 2 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     22 September 2021

At least for Salary the TDS deduction starts in the same financial year....

Once TAN obtained, you need to follow the same steps for other TDS deductions also...

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CMA Poornima Madhava

CMA Poornima Madhava (CMA)     23 September 2021

In respect of tds other than salary (like 194c/h/j/i etc) if no audit was applicable during preceding year (19-20), then no need to deduct tax at source.

No such exception in respect of tds on salary.

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